EQUITY LEGAL SERVICES INC (EIN 831000784) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

NICOLE NELSON

Phone

6186939800

Tax Period

2023-01-01 to 2023-12-31

EQUITY LEGAL SERVICES INC, founded in 2018, is a small nonprofit in the Crime & Legal sector that reported $580K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $226K, a strong 39% operating margin.

Mission

PROVIDE LEGAL SERVICES FOR LOW INCOME FAMILIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $576,437

Program Service Revenue $0

Investment Income $0

Other Revenue $3,066

TOTAL REVENUE $579,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $267,002

Fundraising Expenses $29,466

Program Expenses $265,512

Other Expenses $86,472

TOTAL EXPENSES $353,474

Year-over-Year Comparison

	2023	2022	Change
Revenue	$579,503	$455,867	+0.3%
Expenses	$353,474	$196,506	+0.8%
Net Income	$226,029	$259,361	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRANCE DUNCAN	President	3.00	Officer Director	$0	$0	$0
KHORAN READUS	Trustee	3.00	Director	$0	$0	$0
TERRY DAILY-DAVIS	Trustee	3.00	Director	$0	$0	$0
CECE ARZAGA	Trustee	3.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$579,503	$353,474	$740,402	$226,029
2022	$455,867	$196,506	$513,389	$259,361
2021	$282,663	$129,873	$247,839	$152,790

EQUITY LEGAL SERVICES INC